The stability condition of a forward looking Taylor rule

Danfeng Kong and Osamu Kamoike
Additional contact information
Danfeng Kong: EAERG - School of Economics, The University of Queensland
Osamu Kamoike: EAERG - School of Economics, The University of Queensland

No 705, EAERG Discussion Paper Series from University of Queensland, School of Economics

Abstract: Stability condition is an essential topic of monetary policy rules. If the policy rule can not satisfy the stability condition, it is difficult to treat the policy rule as the policy implementation guidelines. This paper purposes to derive the stability condition of a forward-looking Taylor rule with and without interest rate smoothing. This paper also conducts the empirical analysis of the stability condition of a forward-looking Taylor rule with data of China.

References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.uq.edu.au/economics/eaerg/dp/0705.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:qld:uqeaer:07

Access Statistics for this paper

More papers in EAERG Discussion Paper Series from University of Queensland, School of Economics Contact information at EDIRC.
Bibliographic data for series maintained by SOE IT ().